Germany’s largest banking institution Deutsche Bank AG has reportedly applied for a digital asset custodian license with BaFin on June 20 with a focus on offering custody services for cryptocurrencies.
Germany’s largest banking institution, Deutsche Bank AG, has reportedly applied for a digital asset custody license with the German financial regulator BaFin in a bid to expand its revenue streams, BloombergThis comes after a similar shift from the bank's investment arm, DWS Group, and aims to expand on digital asset custody services including cryptocurrencies. DWS Group had earlier.
The banking giant’s corporate bank division first revealed plans to offer digital asset-related services in 2020 but hadn't announced a timeline for the introduction of the services. Deutsche Bank’s commercial banking unit head David Lynne announced on June 20 that the lender is building its “digital assets and custody business,” and that it has applied for a license with the country’s financial regulator, according to Bloomberg.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank applies for digital asset license with German regulator: BloombergDeutsche Bank AG is seeking regulatory approval to operate a custody service for digital assets, including cryptocurrencies.
Read more »
Israeli government gives settler minister control over West Bank settlement planningIsrael's government on Sunday granted a pro-settlement firebrand authority over planning in the occupied West Bank and lifted red tape on the settlement housing approval process, Israeli media reported.
Read more »
Israeli government gives settler minister control over West Bank settlement planningIsrael's government on Sunday granted a pro-settlement firebrand authority over planning in the occupied West Bank and lifted red tape on the settlement housing approval process, Israeli media reported.
Read more »